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An Omgeo survey uncovers identifier and regulatory challenges even for the so-called smooth first step to T+2 in Europe.
Most industry observers say the initial move to a shorter, trade date plus two business days (T+2) settlement cycle went smoothly in Europe last year and a recent survey by post-trade systems and services provider Omgeo mostly confirms this assessment. However, the report also finds that more progress is needed for the wider usage of...
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